Industry, corporate, and segment effects and business performance: A non-parametric approach

Strategic Management Journal

Volumn 24, Issue 9, 2003, Pages 861-879

  Ruefli, Timothy W ^a   Wiggins, Robert R ^b  

^a UNIVERSITY OF TEXAS AT AUSTIN   (United States)

^b UNIVERSITY OF MEMPHIS   (United States)

Author keywords

Business performance; Industry and corporate effects; Non parametric effect

Indexed keywords

INDUSTRIAL RESEARCH; PERFORMANCE; SOCIETIES AND INSTITUTIONS; STRATEGIC PLANNING;

CORPORATE FACTORS; FIRM PERFORMANCE;

INDUSTRIAL MANAGEMENT;

EID: 0043011305     PISSN: 01432095     EISSN: None     Source Type: Journal    
DOI: 10.1002/smj.350     Document Type: Article

References (45)

1. Argresti A. 1984. Analysis of Ordinal Categorical Data. Wiley: New York.
2. Armstrong BG, Sloan M. 1989. Ordinal regression models for epidemiologic data. American Journal of Epidemiology 129: 191-204.
3. Bergh DD. 1995. Size and relatedness of units sold: an agency theory and resource-based perspective. Strategic Management Journal 16(3): 221-239.
4. Bowen HP, Wiersema MF. 1999. Matching method to paradigm in strategy research: limitations of cross-sectional analysis and some methodological alternatives. Strategic Management Journal 20(7): 625-636.
5. Bowman EH, Helfat C. 2001. Does corporate strategy matter? Strategic Management Journal 22(1): 1-26.
6. Brown SL, Eisenhardt KM. 1998. Competing on the Edge: Strategy as Structured Chaos. Harvard Business School Press: Boston, MA.
7. Brush TH, Bromiley P. 1997. What does a small corporate effect mean? A variance components simulation of corporate and business effects. Strategic Management Journal 18(10): 825-835.
8. Brush TH, Bromiley P, Hendrickx M. 1999. The relative influence of industry and corporation on business segment performance: an alternative estimate. Strategic Management Journal 20(6): 519-547.
9. Carroll GR. 1993. A sociological view on why firms differ. Strategic Management Journal 14(4): 237-249.
10. Chang S-J, Singh H. 2000. Corporate and industry effects on business unit competitive position. Strategic Management Journal 21(7): 739-752.
11. Conover WJ. 1980. Practical Nonparametric Statistics (2nd edn). Wiley: New York.
12. Cubbin J, Geroski P. 1987. The convergence of profits in the long run: inter-firm and inter-industry comparison. Journal of Industrial Economics 35, 427-442.
13. D'Aveni RA. 1994. Hypercompetition: Managing the Dynamics of Strategic Maneuvering. Free Press: New York.
14. Droucopoulos V, Lianos TP. 1993. The persistence of profits in the Greek manufacturing industry. International Review Applied Economics 7: 163-176.
15. Geroski PA, Jacquemin A. 1988. The persistence of profits: a European comparison. Economic Journal 98: 375-389.
16. Ghemawat P, Ricart I Costa JE. 1993. The organizational tension between static and dynamic efficiency. Strategic Management Journal, Winter Special Issue 14: 59-73.
17. Goddard JA, Wilson JOS. 1996. Persistence of profits for UK manufacturing and service sector firms. Service Industries Journal 16: 105.
18. Gort M, Singamsetti R. 1976. Concentration and profit rates: new evidence on an old issue. Occasional Papers of the National Bureau of Economic Research: Explorations in Economic Research 3: 1-20.
19. Hamel G, Prahalad CK. 1994. Competing for the Future. Harvard Business School Press: Boston, MA.
20. Hansen GS, Wernerfelt B. 1989. Determinants of firm performance: the relative importance of economic and organizational factors. Strategic Management Journal 10(5): 399-412.
21. Hawawini G, Subramanian V, Verdin P. 2003. Is performance driven by industry- or firm-specific factors? A new look at the evidence. Strategic Management Journal 24(1): 1-16.
22. Hoskisson RE, Hill CWL, Kim H. 1993. The multidivisional structure: organizational fossil or source of value? Journal of Management 19: 269-298.
23. Jacobsen R. 1988. The persistence of abnormal returns. Strategic Management Journal 9(5): 415-430.
24. March JG, Sutton RI. 1997. Organizational performance as a dependent variable. Organizational Science 8: 698-706.
25. McCullagh P. 1980. Regression models for ordinal data. Journal of the Royal Statistics Society B 42: 109-127.
26. McGahan AM, Porter ME. 1997. How much does industry matter, really? Strategic Management Journal, Summer Special Issue 18: 15-30.
27. McGahan AM, Porter ME. 1999a. The performance of U.S. corporations: 1981-1994. Journal of Industrial Economics 47: 373-398.
28. McGahan AM, Porter ME. 1999b. The persistence of shocks to profitability. Review of Economics and Statistics 81: 143-152.
29. McGahan AM, Porter ME. 2002. The emergence and sustainability of abnormal profits. Harvard Business School manuscript.
30. McGahan AM, Porter ME. 2002b. What do we know about variance in accounting profitability? Management Science 48(7): 834-851.
31. Meyer MW. 1994. Measuring performance in economic organizations. In Handbook of Economic Sociology, Smeker N, Swedberg R (eds). Princeton University Press: Princeton, NJ; 556-578.
32. Meyer MW, Gupta V. 1994. The performance paradox. In Research in Organizational Behavior, Vol. 16, Staw BM, Cummings LL (eds). JAI Press: Greenwich, CT; 309-369.
33. Mueller DC. 1986. Profits in the Long Run. Cambridge University Press: Cambridge, U.K.
34. Porter ME. 1980. Competitive Strategy: Techniques for Analyzing Industries and Competitors. Free Press: New York.
35. Powell TC. 1996. How much does industry matter? An alternative empirical test. Strategic Management Journal 17(4): 323-334.
36. Ravenscraft DJ. 1983. Structure-profit relationships at the line of business and industry level. Review of Economics and Statistics 65: 22-31.
37. Roquebert JA, Phillips RL, Westfall PA. 1996. Markets vs management: what 'drives' profitability? Strategic Management Journal 17(8): 653-664.
38. Ruefli TW, Wiggins R. 2000. Longitudinal performance stratification: an iterative Kolmogorov-Smirnov approach. Management Science 46(5): 685-692.
39. Rumelt RP. 1991. How much does industry matter? Strategic Management Journal 12(3): 167-185.
40. Scherer FM. 1980. Industrial Market Structure and Economic Performance (2nd edn). Rand McNally: Chicago, IL.
41. Schmalensee R. 1985. Do markets differ much? American Economic Review 75: 341-351.
42. Schohl F. 1990. Persistence of profits in the long run: a critical extension of some recent findings. International Journal of Industrial Organization 8: 385-404.
43. Waring GF. 1996. Industry difference in the persistence of firm-specific returns. American Economic Review 86: 1253-1265.
44. Wernerfelt B, Montgomery CA. 1988. Tobin's q and the importance of focus in firm performance. American Economic Review 78: 246-250.
45. Wiggins RR, Ruefli TW. 2002. Sustained competitive advantage: temporal dynamics and the incidence and persistence of superior economic performance. Organization Science 13(1): 82-105.